Index Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
NASDAQ DEVELOPED MID-CAP TRUST INDEX (NASDAQ:NQDMMCT)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for NQDMMCT
The long term trend has been UP since Dec 7th, 2016 at 1548.66
The intermediate term trend has been UP since Apr 16th, 2018 at 1935.47
The short term trend has been DOWN since Apr 23rd, 2018 at 1944.64
Smart Scan Analysis for NQDMMCT
Based on a pre-defined weighted trend formula for chart analysis, NQDMMCT scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2040.12||52wk High Date||2018-01-24|
|52wk Low||1667.67||52wk Low Date||2017-04-25|